I think it's the first social media experiment on a blockchain (or if not the 1st, the most prominent).
As a social platform, Steem has a long way to go. The BTC bear market isn't helping it to evolve as fast as many would like.
It's still an experiment as far as I can tell and the jury is out. But, Steem is a great place to practice your writing skills and get some feedback. :):)
@inalittlewhile, I so agree that Steemit is a great place to practice writing skills. Also, between you and me, I like the slower market at the moment. When things move too fast, people tend to make bad decision based on the fear of missing out. At least now, those who do get involved seem to have conviction and purpose. Hopefully making for a better community. But you are right, time will tell.
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The reward of this comment goes 100 % to the author guysellars. This is done by setting the beneficiaries of this comment to 100 %.